Cement firms margin under pressure
The cement companies should have posted over 18 per cent growth in sales volume for the April-June 2018 quarter.
Cement

Cement firms margin under pressure

The cement companies should have posted over 18 per cent growth in sales volume for the April-June 2018 quarter. However, they reported a reduced profit as their EBITDA margins are down by nearly 20 per cent during the first quarter. <br /> <br /> This, despite a 1.5 per cent QoQ improvement in average cement price pan-India. A first-quarter preview report from brokerage Emkay Global Financial Services says the 14 companies under its coverage universe are expected to report an 18.3 per cent YoY increase in the sales volume.<br />

The cement companies should have posted over 18 per cent growth in sales volume for the April-June 2018 quarter. However, they reported a reduced profit as their EBITDA margins are down by nearly 20 per cent during the first quarter. <br /> <br /> This, despite a 1.5 per cent QoQ improvement in average cement price pan-India. A first-quarter preview report from brokerage Emkay Global Financial Services says the 14 companies under its coverage universe are expected to report an 18.3 per cent YoY increase in the sales volume.<br />

Related Stories

Gold Stories

Hi There!

Now get regular updates from CW Magazine on WhatsApp!

Click on link below, message us with a simple hi, and SAVE our number

You will have subscribed to our Construction News on Whatsapp! Enjoy

+91 81086 03000

Join us Telegram